S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20

Laurentian Bank of Canada (TSE:LB) Expected to Earn FY2023 Earnings of $4.33 Per Share

Last updated on Thursday, November 25, 2021 | 2021 MarketBeat

Laurentian Bank of Canada (TSE:LB) - Equities research analysts at National Bank Financial issued their FY2023 earnings per share estimates for Laurentian Bank of Canada in a report issued on Monday, November 22nd. National Bank Financial analyst G. Dechaine anticipates that the company will post earnings of $4.33 per share for the year. National Bank Financial has a "Sector Perform" rating and a $47.00 price objective on the stock. Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings data on Wednesday, September 1st. The company reported C$1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.11 by C$0.14. The firm had revenue of C$254.88 million during the quarter, compared to the consensus estimate of C$249.30 million.

Other research analysts have also recently issued reports about the stock. CIBC reiterated an "underperform" rating and set a C$43.00 target price on shares of Laurentian Bank of Canada in a report on Wednesday, September 1st. Credit Suisse Group increased their price objective on shares of Laurentian Bank of Canada to C$44.00 and gave the company an "underperform" rating in a research note on Thursday, September 2nd. National Bankshares boosted their price objective on shares of Laurentian Bank of Canada from C$46.00 to C$47.00 and gave the stock a "sector perform" rating in a research note on Thursday, September 2nd. Scotiabank dropped their target price on Laurentian Bank of Canada from C$48.00 to C$46.00 in a research report on Tuesday, August 17th. Finally, TD Securities reduced their price target on Laurentian Bank of Canada from C$48.00 to C$47.00 and set a "hold" rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Laurentian Bank of Canada has a consensus rating of "Hold" and a consensus target price of C$45.80.

Shares of Laurentian Bank of Canada stock opened at C$39.11 on Thursday. The stock's fifty day moving average price is C$41.30 and its 200-day moving average price is C$42.38. The firm has a market cap of C$1.70 billion and a P/E ratio of 9.27. Laurentian Bank of Canada has a 12 month low of C$30.55 and a 12 month high of C$45.13.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 1st. Shareholders of record on Friday, October 1st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Wednesday, September 29th. Laurentian Bank of Canada's dividend payout ratio (DPR) is presently 37.91%.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to individuals, business, and institutional customers in Canada and the United States. It operates through Personal, Business Services, and Institutional segments. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; equipment and inventory, and real estate financing; and credit life and disability insurance products.

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Earnings History and Estimates for Laurentian Bank of Canada (TSE:LB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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